MAKING LAKE ASHTON A BETTER AND HONEST COMMUNITY TO LIVE AT RETIREMENT
This is a free Service provided to all residents. Feel free to provide a comment or correction on any article. Send all E-Mails to lakeashtontalktwo@yahoo.com and YOUR REMARK OR OPINION will be posted. If an individual is named in your post, it must be signed. All bold wording below the comment is the publisher opinion. These are the stories they don't want you to read. See also disclaimer in right column below.

Sunday, October 3, 2010

L. Todd Maxwell got duped.

Lakeland Real Estate Executive Alleges Scam in $2 Billion Loan

Todd Maxwell at a cocktail party for United Way's Alexis de Tocqueville Society on Tuesday, November 1, 2005 at the home of Larry and Anita Maxwell in Mountain Lake, Lake Wales.

LAKELAND | A Lakeland real estate executive says he was duped into paying a "facilitator" $183,000 for a $2 billion loan.

Now he wants his money back.

L. Todd Maxwell, chief executive of Century Retail Corp., thought he was getting an overseas loan from an intermediary with Citibank, but it turned out to be an elaborate scam, said Tom Saunders, a Bartow lawyer who represents Maxwell.

Maxwell is suing Piyush Shah of New Jersey in Polk County Circuit Court but Shah has not responded to the lawsuit, Saunders said. Shah could not be reached for comment.

"We've been in touch with Citibank and this is not the first time they've heard of this man using Citibank's name," Saunders told The Ledger on Friday. "These guys were good. They knew exactly what they were doing."

Century Retail develops and operates shopping centers in Florida and the Southeast. The company is an affiliate of the Lakeland-based Century Realty Funds real estate empire headed by Maxwell's father, Larry.

Todd Maxwell was contacted by Shah earlier this year while he was seeking financing for various Century projects, Saunders said. The New Jersey man purported to be an independent contractor working with Citibank to find clients for foreign loans, and said he could arrange a $2 billion loan in exchange for fees totaling $183,000.

Amid a tight U.S. credit market, "a lot of the money that was available in the past two years was coming from overseas ... and there were people who held themselves out as facilitators of those type of transactions," Saunders said.

After several discussions, Maxwell flew to London sometime around May to meet with Shah and people he thought were Citibank officials, Saunders said. They met in an office that appeared to be run by Citibank and Maxwell signed what looked like routine bank forms.

Months went by and the $2 billion never materialized.

"It was not simply a phone call and application, 'I'd like $2 billion.' It all looked like a normal commercial transaction," Saunders said. "I could see how (Maxwell) was misled. He's not a virgin businessman, but he was in fact duped."

Saunders said neither he nor any of Maxwell's business associates accompanied him on the trip.

Maxwell and Saunders Law Group filed the lawsuit in late July, suing Shah for fraud and breach of contract. They are seeking repayment of the $183,000 and any applicable damages and court costs.

The court filing says Maxwell completed multiple wire transfers to Shah "through the use of personal funds and on behalf of Century." Saunders said Todd Maxwell planned to use the $2 billion to make loan payments on various properties owned by Larry Maxwell's Century affiliates.

Ron Clark, lawyer for Larry Maxwell, said both he and Larry Maxwell were unfamiliar with Shah and the related lawsuit before The Ledger contacted him this week.

"That is something Todd has done on his own," Clark said.

A number of Larry Maxwell's Century Realty Funds affiliates filed for Chapter 11 bankruptcy protection in Tampa last month. Clark said the affiliates were mainly seeking protection because BB&T and Wells Fargo banks had refused to negotiate $61 million in outstanding loans on commercial projects.

[ Kyle Kennedy can be reached at kyle.kennedy@theledger.com or 863-802-7584. ]

No comments:

Al Miller and his 9' lg alligator that almost took his life.

Trish Adams

Today I am announcing my candidacy for the position of the CDD of Lake Ashton in Lake Wales, Fl. I will follow the steps of the late Jeff Salvin. My main goal is to weed out the crooks, thief’s, liars, dummy’s and the undesirables that are now presently running the CDD here at Lake Ashton. We can not afford 2 more years of the present leaders. Each CDD candidate has either called the police on us, they have stole money from all the Bingo Players, They have chat meetings and give out false information and thinks they know all the answers (she is still working on the drain pipes), and violated the Lake Ashton amenity’s by placing voting signs all around the club house. None, not one has any of these CDD members has done anything for the residents of Lake Ashton but cause trouble.

I also wish to make known that no Community district leader director shall have a shirt open that exposes her breast to the residents of Lake Ashton. That person will be fired. Also any director caught lying shall also be fired.

Here is what I have done for this community!

1. I have stopped the spraying of pesticides in Lake Ashton, and the state issue a violation to the management of the community.

2. I have stopped the flow of mud into Lake Ashton and also the state ordered the management to plant trees and scrubs along the banks of the streams.

3. I stop the ban of Pick-up trucks here in Lake Ashton, without much help from the residents. Got the Ledger involved and Channel 10 News.

4. I had the ELVIS show which everyone enjoyed. It was a sold out crowd. I gave all the money to Give Kids the world.

I asked the present CDD members what have you done to help people live better here at Lake Ashton? Answer: Nothing except Ban Ed King for 4 months from the clubhouse . The person who has done more than anyone else in this community has now been ban. What a bunch of ???????

SHARE YOUR VIEWS WITH ME ABOUT THIS COMMUNITY! YOUR NAME WILL NOT BE PUBLISHED. E-MAIL ME ATlakeashtontalktwo@yahoo.com

Margo Steavens and Trish Adams

Guess Who?

Thish Adams, the wicked witch and lair

Herbicides

Yes, I was the one that called the state to stop the spraying of Herbicides in Lake Ashton. I called "do Nothing Joe Hunter and he gives me a bunch of crap. Yes I was the one that helped all the fishermen enjoy their catch of fish. Who wants to eat herbicides? Yes I called the state and they put a stop to it. Yes you can thank me. Yes I was the one and I am happy that they put a stop to it.

If you feel that you have something to say and like me to come over lakeashtontalktwo@yahoo.com

Our meeting will not be made public.

Bingo money profit was not going to charity. We were the ones that expose this scam.

State law says excess money from Bingo must go to public charity. Paul Pontious did not pay state or federal taxes and did not give much if any to state public charities. Instead he took all his friends by bus to a Brazilian restaurant in Orlando at $75.00 a plate. This is still a on going investigation by three state and federal investigation agencies. He stole money from the winners of Bingo and placed it in his pocket. He had a illegal 50/50 chance at Bingo. Never kept books on the winners and what he took in from Bingo. When he took over Bingo from Jesse Helms, he gave Paul Pontious $11,000, money left over from Bingo and it is now missing. I smell a rat. No books kept, no taxes paid, money missing, bus trips to high price restaurants, Bank records show that he filled his gas tank with Bingo money.

HERBICIDES

I was the one that stop the herbicides being sprayed into Lake Ashton. Yes, I got the state involved and told them what was going on. They got hold of Management and put a stop to spraying herbicides in the lake. I don't like eating fish fill with herbicides. Yes it was me.

Pick up trucks

YES, I WAS THE ONE THAT STOPPED THE BAN ON PICK UP'S BEING PARKED IN YOUR OWN DRIVEWAY. YES I WAS THE ONE THAT GOT THE LEDGER HERE TO WRITE A STORY ON THE BAN. YES, I WAS THE ONE THAT GOT THE CHANNEL 9 NEWS TEAM HERE TO DO A VIDEO STORY ON THE BAN. YES, IT WAS ME AND YOU CAN THANK ONLY ME FOR THIS INCREDIBLE JOB HERE AT LAKE ASHTON. YES, I DO MORE THAN WRITE STORIES ON MY WEB SITE.

Elvis

Yes, it was me that brought Elvis to Give Kids the World city, and had him put on the Elvis show for the children. It was me that gave $1500 check to Elvis and he in turn gave it to Give Kids The World. You can call Elvis at 800-224-6037 or 719-200-8965 is name is Dennis Thornberry from Colorado. I wanted him to get the credit for the gift.I also paid him $1000 for the Lake Ashton Show and also gave him the rest of the money when he preform at Give Kids the world. I kept not one red cent. I also help the kids have their meals and received a coffee cup for my services. I was also was invited to have dinner for my services to Give Kids The World.

lakeashtontalktwo@yahoo.com

Yes, it was me that wanted to show the residents the truth of what is happening here at Lake Ashton. June Young has no right to closed off the area where residents can write in and express themselves. This community is totally controlled by the management and you have no recourse to respond. They don't want you to know the truth. This blog gives you the right to express yourself and let others know what is going on. Joe Hunter, Paul Pontious, Margo Steavens Tricia Adams and Jack Van Sickle hates my Blog. The truth shall prevail.

Lake Ashton had a dream

Cruse Ship, Costa Concordia

THIS WEB SITE IS NOT THE OFFICIAL WEBSITE OF THE CDD , HOA, LAKE ASHTON COMMUNITY, OR THE MANAGEMENT. IT IS THE RESIDENTS OPINION, IDEAS, AND THOUGHTS OF LAKE ASHTON RESIDENTS AND MAY NOT BE CORRECT. ALL E-MAIL WILL BE SCREEN AND PUBLISHED AND ASSUME TO BE CORRECT. EDITOR ASSUMES NO RESPONSIBILITY FOR ARTICLES WRITTEN OR POSTED ON THIS WEBSITE. STORIES ARE A MATTER OF EXPRESSIONS NOT THREATS.

You are welcome to post any comment, information or news on this blog by sending it to lakeashtontalk@yahoo.com

June Young

You dump it we pump it

Secret Service uncovers plot to kidnap the President.

This poster is incorrect, not true, thanks to Tony Chloros for correcting this info.

Dick Ralls, one more for the road

Florida Snowman

Harry & Bess

A Picture says 1000 words

And they wonder why most Southerners are armed? I rest my case. Pork-Chops - Anyone?

High Winds in LA today

Northern Lights Over Teepees, NORTHERN LIGHTS, YELLOW KNIFE. CANADA

Old stories on the developer,Joe Hunter and Bingo Paul

All stories are listed below. Click on the red title for the rest of the story

Some guys from Maine dressed the truck up with a guy dummy spread eagle on the roof of the truck. T

Man catches 881-pound tuna, seized by feds

This sign was posted on Aberdeen Lane next to Pontious house

The Bill and Hillary Kitchen Set

Robin Williams

JOE HUNTER

I have complaining about this "do nothing" Joe Hunter for years. He has send me 5 letters accusing me of things I did not do. On one of the letters I was in Maine. You can thank me for getting rid of this clown. He even refuse to accept my E-Mails. He ban me for going into the club house for a week. This guy is not welcome here at lake Ashton. He is as dishonest as Paul Pontious and his so call outlaw friends. Joe was working at three communities using our money. Why wasn't he not paying the Lake Ashton Bills. Was he placing money in his pocket? Did he received kickbacks from projects? If this isn't stealing I like to know what is. By-by Joe and don't come back. Take a long walk off a short pier. We won't miss you!

Affordable Lake Wales Transportation door to door service

NANCY'S CREATIONS

Send your comments to lakeashtontalk@yahoo.com

We will not publish your name unless you tell us so.

Yes, it was me, the Publisher, the Editor, that did all the following task as noted below:

Edmund King

lakeashtontalk.blogspot.com

Yes, it was me that wanted to show the residents the truth of what is happening here at Lake Ashton. June Young has no right to closed off the area where residents can write in and express themselves. This community is totally controlled by the management and you have no recourse to respond. They don't want you to know the truth. This blog gives you the right to express yourself and let others know what is going on. Joe Hunter, Paul Pontious, Margo Steavens and Jack Van Sickle hates my Blog. The truth shall prevail.

Blog

Yes it was me that started this blog to let all residents know what is going on here in our community. June Young wants NO ONE to know what the real truth is. The management sweeps all the bad news under the rug. You can't post anything on her web site and she gets paid $500.00/mo. I get paid nothing and I allow everyone to post any news, good or bad on this web site. Margo Stevens says I am not a resident, I lived here for six years, what am I ? People like Margo and June should take a hike along with do nothing Joe Hunter. My goal is to make this a honest community and lets kick the bums, Bingo committee, management, and crooks out.

ELVIS SHOW

Yes, it was me that brought Elvis to Give Kids the World city, and had him put on the Elvis show for the children. It was me that gave $1500 check to Elvis and he in turn gave it to Give Kids The World. You can call Elvis at 800-224-6037 or 719-200-8965 is name is Dennis Thornberry from Colorado. I wanted him to get the credit for the gift.I also paid him $1000 for the Lake Ashton Show and also gave him the rest of the money when he preform at Give Kids the world. I kept not one red cent. I also help the kids have their meals and received a coffee cup for my services. I was also was invited to have dinner for my services to Give Kids The World.

Elvis Show

Yes, I was the one who put on the Elvis show 2 years back and gave all the money after expenses to Give Kids the World. I spend a great deal of time getting this show together. I even build the ELVIS sign as a back ground for Elvis. We even gave a show at give Kids the World. They all loved it. Not one red cent went into my pocket. Teacher Tricia Adams and "Do Nothing" Joe Hunter stopped me in given any more shows because they said it takes away from their entertainment series. What a bunch of crazy people that we have here telling us what to do with our money.

Christmas young ladies dancing to Christmas songs

Yes, it was me that tried to get these young school students to come to Lake Ashton to dance for us at Monday Morning Coffee meeting. But Trish Adams and Joe Hunter said NO. I said it is a free show for all residents to enjoy. Then they said you would have to talk to Margo Stevens because she has a Fireside chat at 10am. I called her and she said NO, her fireside chat was more important. She would not cancel her dumb fireside chat. The end of this story was I told the girls that Lake Ashton was not interested in seeing you dance and that Trish Adams, Joe Hunter and Margo Stevens should all be fired for thinking about themselves. Yes, their interest is only themselves not the interest of the residents.

Herbicides

Yes, I was the one that called the state to stop the spraying of Herbicides in Lake Ashton. I called "do Nothing Joe Hunter and he gives me a bunch of crap. Yes I was the one that helped all the fishermen enjoy their catch of fish. Who wants to eat herbicides? Yes I called the state and they put a stop to it. Yes you can thank me. Yes I was the one and I am happy that they put a stop to it.

Lake Ashton

Yes, it was me that demanded that the shores along the streams that feed lake Ashton be reinforce with plants, trees and scrubs. Every time it rains, the soil would collapsed and drain into the stream making the lake very muddy. Yes it was me that call the state to tell the developer to plant more scrubs along the banks. I call "do nothing" Joe Hunter and like always he did nothing. Yes it was me. What did you do? Are you like Joe Hunter?

PICK-UP'S

YES, I WAS THE ONE THAT STOPPED THE BAN ON PICK UP'S BEING PARKED IN YOUR OWN DRIVEWAY. YES I WAS THE ONE THAT GOT THE LEDGER HERE TO WRITE A STORY ON THE BAN. YES, I WAS THE ONE THAT GOT THE CHANNEL 9 NEWS TEAM HERE TO DO A VIDEO STORY ON THE BAN. YES, IT WAS ME AND YOU CAN THANK ONLY ME FOR THIS INCREDIBLE JOB HERE AT LAKE ASHTON. YES, I DO MORE THAN WRITE STORIES ON MY WEB SITE.

Welcome to Lake Ashton Talk

THIS WEB SITE IS NOT THE OFFICIAL WEBSITE OF THE CDD , HOA, LAKE ASHTON COMMUNITY, OR THE MANAGEMENT. IT IS THE RESIDENTS OPINION, IDEAS, AND THOUGHTS OF LAKE ASHTON RESIDENTS AND MAY NOT BE CORRECT. ALL E-MAIL WILL BE SCREEN AND PUBLISHED AND ASSUME TO BE CORRECT. EDITOR ASSUMES NO RESPONSIBILITY FOR ARTICLES WRITTEN OR POSTED ON THIS WEBSITE. STORIES ARE A MATTER OF EXPRESSIONS NOT THREATS.

You are welcome to post any comment, information or news on this blog by sending it to lakeashtontalk@gmail.com

Margo Steavens

Trish Adams and Joe Hunter

Paul and Carol Pontious read the poster

Painted Rock

Hoover Dam

THE WIDER VIEW: Taking shape, the new bridge at the Hoover Dam

Anonymous, is this what you look like?

Anonymous your beautiful

UNBELIEVABLE PHOTO

This is a beautiful photo of a giant American flag in Arizona . The photo is authentic, UN-Touched and was taken on regular Kodak 35mm film. The person who took the Picture couldn't believe the image created by the sun's rays. Nice of them to share it with the world! Read what it says under the picture

Photo of the Day

Aviation related

Fw: I wanna be trailer trash..........

Fw: I wanna be trailer trash..........

Fw: I wanna be trailer trash..........

GOOD LOOKING DASH

Fw: I wanna be trailer trash..........

Its gone

Fw: I wanna be trailer trash..........

Can you believe this

Nancy's Creations, Swarovski Crystal

Nancy's Creations specializing in Swarovski Crystal Jewelry at very reasonable prices. If its not the right color or size will make it for you. See picasaweb.google.com/yns2005/Nancyscreations# Jewelry you order will be ready in 24 hours or less. For more informations call 863-875-0121 or E-mail lakeashtontalk@yahoo.com
picasaweb.google.com/yns2005/Nancyscreations#

HOUSE FOR SALE BY OWNER

Joe Hunter, Grap this deal

BRUSSELS IN BLOOM

Breathtaking sight.

BRUSSELS IN BLOOM

What a carpet! Something pretty for a pick me up on a rainyday.

Brussels in bloom

This beautiful "carpet" is created every year in the Grand Place in Brussels, all fresh flowers - begonias. Breathtaking sight. So much beauty in this world and the computer enables all to enjoy it..

Know what's going on

Predictions that were wrong

Ray Steavens We the people

Deer for Breakfast

RENT THIS SPACE for as little as $10/mo or $20/picture
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